AIRO Q2 revenue up 76% to $43.2M; drone backlog $163M, reiterates FY guidance

AIRO Group Holdings, Inc.

Revenue $43.2M vs $24.6M YoY (+76%); gross margin 64% vs 61%.
Operating income $1.7M vs $(19.7)M loss; net loss $(2.0)M vs $5.9M income.
Adjusted EBITDA $6.8M vs $4.7M; drone backlog $163M, up 9% QoQ.
Cash $25.9M at June 30; ~$56M as of July 31 after drone collections.
Reiterates FY2026 revenue growth 15-25% and negative mid-to-high teens adjusted EBITDA.

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